Industry News
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Schneider Electric expands investments in Egypt with €8 mln in 2023
French energy technology company Schneider Electric announced it will increase its investments in Egypt by €8 million throughout 2023.
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Egypt to enhance export rates in 7 industrial sectors
These sectors include computer manufacturing, electronic and optical products, and metal industries.
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Oriental Weavers unveiled its spectacular 2024 collection at exclusive Pre-Look Event
Based in Cairo, the Group has manufacturing facilities in the United States and Egypt and distributes its products in more than 130 countries.
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Egypt's El Sewedy to launch industrial city in Tanzania aiming to attract $400M in investments
The new project is located in the city of Kibaha, Tanzania, 15 kilometers away from the “Kwala” Dry Port.
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Italian footwear company Cofra to build €10 mln factory in Egypt
The Italian safety footwear company Cofra plans to build a factory in Egypt with an investment of 10 million euros, Minister of Trade said.
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Military Production Minister, Spain's 'Quimica 21' company discuss bilateral cooperation
State Minister for Military Production Mohamed Saleheldin held a meeting with QUÍMICA 21, discussing boosting bilateral cooperation in various manufacturing domains.
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Passenger car sales in Egypt drop 61% YoY in 9 months; rise 15% in September
Passenger car sales in Egypt dropped 61 percent year-on-year (YoY) to 45,917 during the first nine months of 2023 while increasing 15 percent YoY.
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Turkish Tumosan to open tractor factory in Egypt
Turkey's Tumosan company is poised to build a factory dedicated to manufacturing agricultural tractors in Egypt, read a cabinet statement on Tuesday.
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Sisecam completes Egyptian glassware investment
This investment boosted the company's glassware production capacity in the country to 35,000 tons per year.
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Egypt, Mitsubishi expand cooperation to upgrade two power plants
Egypt has signed an agreement with the Japanese Mitsubishi Power Company to develop the Sidi Krir and El-Atf power plants.
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Egypt issues regulations for zero-customs car import initiative for expats
Egypt’s Ministry of Finance has issued regulations for the zero-customs car import initiative relaunched on Monday in order to expedite approvals.
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Bahraini GFH Group plans to infuse $500M into Egypt in 2024
The Bahraini GFH Group plans a significant investment in Egypt's health, education, and logistics sectors by early 2024, infusing approximately $500M into the country's market.
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Egypt relaunches zero-customs car import initiative for expats
Egypt relaunched the zero-customs car import initiative for expats for three months, according to a Cabinet statement on Monday.
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Oraimo launches first locally made smartwatch, earphones in Egypt
Oraimo, Africa's leading TWS and Power bank brand, inaugurates its first production line in Egypt.
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Egypt plans 2-GW pumped storage power project
Egypt is setting sights on a major energy project, planning to construct a 2-Gw pumped-hydro power plant, in cooperation with China Energy. A feasibility study for the project has already been signed.
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Egypt approves electricity export project MoU with Belgium’s Jan De Nul and EETC
The Egyptian government approves an MoU with EETC and Belgium's Jan De Nul to start a project exporting renewable energy to Europe via a sea line.
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The GREGY initiative: 10 facts about Egypt-Greece electrical interconnection
The Egypt-Greece Electrical Interconnection project, dubbed GREGY, is an innovative solution for Europe's energy crisis, and a new endeavor for Egypt.
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Heimtextil 2024 set to witness significant growth
World's leading textile fair Heimtextil 2024, taking place from 9th to 12th January in Frankfurt am Main, is set to witness significant growth.
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Xingxing to Build Two $1.08B Factories in the SCZONE
Xinxing Cathay International Group unveils plans to invest $1.08 billion in constructing two factories in the Suez Canal Economic Zone (SCZone).
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EBRD Invests in Egyptian Copper Rod Manufacturing
The European Bank for Reconstruction and Development (EBRD) is providing a $50 million loan to United Metals Company (UMC).